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The document is a sworn schedule for a bail bond in the Commonwealth of Kentucky, allowing affiants to secure bail using stocks and bonds. It outlines the requirements for ownership, certification of non-exemption from execution, and waiving statutory rights to exemptions. The affiants must provide details about the securities, their market value, and affirm the truthfulness of their statements under penalty of perjury.

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Why does Kentucky not have bail bonds?

In 1976, Kentucky became the first of the four U.S, states that ban commercial bail bonds and bounty hunting. The law was passed because of the belief that commercial bail bond systems discriminate against the poor by punishes most those who are least able to pay. Bounty Hunter and Bail Bonds Laws in Kentucky - KY bountyhunteredu.org kentucky bountyhunteredu.org kentucky

What is a surety bond in Kentucky jail?

(2) Surety Bond - A surety bond requires someone of the Judges choosing to sign, most commonly a spouse or parent, but does not require any money at the time of release other than the jail fees; however, the bond does state a monetary amount and the signer assumes that burden if the court date is missed. Bonds - Wayne County Detention Center waynecountydetentionky.com bonds waynecountydetentionky.com bonds

How do bonds work in KY?

By posting a bond you are promising that the defendant will appear for all of their court appearances and obey all bond conditions. If the defendant fails to appear or breaks the conditions, you may lose any cash or property posted.

How much does a surety bond cost in Kentucky?

What Do Kentucky Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount. Costs vary docHubly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay). Kentucky Surety Bond: Guide Free Quotes jwsuretybonds.com states kentucky jwsuretybonds.com states kentucky

What does unsecured bond mean in KY?

Unsecured Release. Requires only the defendants signature and their promise to appear in court as scheduled and abide by any conditions that may be imposed by the court. Pretrial Services - Kentucky Court of Justice Kentucky Court of Justice (.gov) Pretrial-Services Pages Kentucky Court of Justice (.gov) Pretrial-Services Pages

What does it mean when a bond is unsecured?

Unsecured bonds, also known as debentures, are backed by the issuers full faith and credit rather than a specific asset. In other words, the investor has the promise of repayment from the issuer but no entitlement to any specific collateral.

Whats the difference between secured and unsecured bond?

Secured bonds are secured with collateral, e.g. by an asset or assets of commensurate value. Unsecured bonds are not secured with collateral, but investors who buy these bonds put their faith in the creditworthiness of the issuing company.

Do you get bond money back in Kentucky?

1. Payor will only receive bond money back if they sign as surety on the bond form. 2. Bond is only returned WHEN DEFENDANTS CASE IS DISPOSED OF IN COURT, FINE AND ALL COSTS ARE PAID IN FULL, OR UPON ORDER OF THE JUDGE.

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